CSO: House prices up 7.2% in year to August

House prices rose by 7.2% over the last year and economists now have to revise their projections for price inflation in 2017 thanks to the Government’s new help-to-buy scheme.

The residential property price index published yesterday by the Central Statistics Office shows that, while the national index is 33.7% lower than its highest level in 2007, prices nationally have risen by 45.6% since the “trough” in early 2013.

In Dublin, all residential property prices increased by 4.5% in the year to August. The index for all residential property prices in the rest of Ireland — excluding Dublin — increased by 11.4% in the year to August.